Atlas Copco AB (OM:ATCO A) agreed to acquire Assets of Shandong Jinggong Pump Co., Ltd. on June 27, 2022. In 2021, Shandong Jinggong Pump Co., Ltd. had revenues of approximately SEK 100 million. The transaction is expected to close in the fourth quarter of 2022.

The acquired assets will become part of the Industrial Vacuum Division within the Vacuum Technique Business Area.